The German consulting industry is booming – according to the results of the current BDU study. Today, we summarize the numbers and trends for consultants.
The demand for consulting in German companies continues to rise: in 2018, the revenue of the consulting industry increased by 7.1%. This was revealed by the current study of the Federal Association of German Management Consultants (BDU).
Today, we present some additional relevant figures from the study:
Source: Market study “Facts & Figures on the Consulting Market 2019” by the BDU.
Digitalization as a Trigger for the Consulting Boom
Changes in technology and digital fields are creating an increased demand for experts. German companies appreciate the value of consultants: competition is high, and those who receive good advice hope for a successful transformation of processes and thus a long-lasting existence in the market.
Especially companies in the manufacturing sector (34% market share of the consulting industry) and the financial services sector (24% market share) rely on the services of consultants.
Outlook: Forecasts for 2019
In the coming months, the surveyed experts also see positive developments for the consulting industry:
Consulting firms will significantly increase investments further.
Collaboration and analysis tools can enhance the efficiency of consultations.
Despite digitalization: In-person consulting remains important for German companies!
There are also high career opportunities for junior consultants, not least due to personnel shortages.
Good prospects for consultants: The market is expected to develop positively in 2019 as well.
Now Increase Efficiency: Support Consultations with Online Courses!
While personal consultations will remain an essential part of the industry, digitalization is also affecting the work processes of consultants themselves. With the help of digital tools, you can save time, document project developments, and simultaneously leave a professional impression at the company.
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